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The U.S. Securities and Exchange Commission (SEC) has postponed its decision on spot XRP ETFs until October 25, as the ongoing government shutdown hampers its operations. The shutdown has restricted the SEC's ability to conduct routine reviews and approvals, affecting several asset managers, including Grayscale, 21Shares, and Bitwise, who have filed for XRP ETFs.Unlike ETFs under the 1940 Act, which can launch automatically, spot ETFs require direct SEC approval. This approval process is currently stalled due to the lack of staff. Issuers are reportedly preparing for a rapid market entry once the SEC resumes normal operations, but the October 25 deadline remains uncertain until the government reopens.

XRP+0.03%

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